1. Home
  2. Quicken Personal Finance
  3. Selling stock does not add to cash balance

Selling stock does not add to cash balance

I have an odd problem in Q2005. I moved my SEP from one administrator to another. In Quicken, I transferred the securities in the SEP to a new account. The initial balances were fine. About 10 days after moving the account I sold one of the securities that had been transferred over. I expected that this would show up in Quicken as an increase in the account's cash balance. However. it does not. Instead, it shows up as a negative investment amount and the account's cash balance is unchanged. In the Account->Transactions view Quicken treats this as though the shares have been removed from the account rather than sold for cash that goes into the account's cash balance.

Does anyone know what is going on here and have any suggestions as to how to fix it?

Many thanks.

Reply to
Andrew Chalk
Loading thread data ...

In my Q version, in the transaction window there's a section where I can designate where (to which account) the proceeds should be recorded. Maybe yours is out of whack.

p.

Reply to
Paul_B

Was the account containing the security specified in that position? If it was, Quicken uses that as an indication that the proceeds of the sale go out of the system. Just leave that option blank.

John B.

Reply to
John Beurket

You did tell Q that you sold the security? The transaction should show up as a SELL and cash increasing or SELLX with an account where the cash was transferred. A SHRSOUT indicates that no cash was generated but totals are adjusted.

Al Reeve

Reply to
Al Reeve

Thanks to all three of you for your fast replies.

In the Account->Transactions view this transaction shows up as "Sold" in the Action column (column 2). If I double click on the transaction to get the detail view the "Record proceeds" box is set to "This accout's cash balance".

Oddly enough, in the Account->Transactions view the amount is shown as negative (and in red).

Any ideas. It is as though Q is confused about the account's cash balance.

Is their any "lower level" at which to diagnose this?

Thanks,

Andrew

Reply to
Andrew Chalk

That sounds important John. Could you explain

I don't understand that.

Thanks,

Andrew

Reply to
Andrew Chalk

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.